China’s foreign trade up 6.2% to hit new record in first 7 months, defying West’s protectionist measures
The positive trade momentum in July is bolstered by a range of factors, including growing overseas demand amid looming global interest rate cut cycle. The 2024 Paris Olympic Games have…
US probes more Chinese products, in latest sign of its growing protectionism
On Monday, the US Department of Commerce announced anti-dumping tariffs between 21.77 percent and 218.15 percent on more than a dozen Chinese companies for exports of glass wine bottles to…
Steel, Aluminum Makers Push Trudeau Government on China Tariffs
Steel and aluminum producers in Canada are urging Prime Minister Justin Trudeau’s government to swiftly impose new tariffs on Chinese products, saying metals from the Asian powerhouse are flooding the…
How Budget Deficits Grow Due To Trade Deficits
Excessive imports siphon demand for goods and services away from American producers and drive the government to run a budget deficit to cover that gap. This shortfall in demand in…
Sharpie-maker Newell moves more operations from China as tariffs loom
Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces “uncertainty” on…
GM Canada supports potential tariffs on Chinese EV imports amid market concerns
The Canadian Vehicle Manufacturers’ Association has pushed strongly for alignment with U.S. policy so that the more than $40 billion in Canadian EV industry investments announced over the past four…
Georgia golf cart makers declare war on Chinese rivals, demand hefty tariffs on imports
Two Georgia companies have asked the U.S. government to slap hefty tariffs on golf carts being imported from China, arguing that they are receiving unfair subsidies that undercut U.S. competition…
Domestic Market Share Index Rises In Q1 2024, Fueled By A Reduced Manufacturing Trade Deficit
68.4% of U.S. manufacturing demand was met by domestic production. The remaining 31.6%, was met by imports. The improvement in the DMSI was fueled by both an improvement in the…
New tariff legislation from Graham to penalize countries purchasing Iranian oil
Senator Lindsey Graham (R-SC) introduced new legislation on Wednesday aimed at imposing tariffs on nations that import crude oil or petroleum products from Iran,accorging to the Jewish Insider. The proposed…
Trade Commission Extends Tariffs on Spanish Black Olives
United States trade officials marked the fifth anniversary of tariffs on some Spanish table olive imports by voting unanimously to extend them. A four-member panel of the U.S. International Trade…